QQQ   341.10 (-1.01%)
AAPL   159.22 (-0.29%)
MSFT   299.84 (+1.05%)
FB   294.64 (+0.00%)
GOOGL   2,580.10 (-0.18%)
AMZN   2,792.75 (+0.55%)
TSLA   829.10 (-11.55%)
NVDA   219.44 (-3.64%)
BABA   111.79 (-1.39%)
NIO   21.11 (-6.84%)
AMD   102.60 (-7.33%)
CGC   6.85 (-5.26%)
MU   78.72 (-3.96%)
GE   89.90 (+0.65%)
T   24.12 (-0.54%)
F   19.55 (-1.81%)
DIS   135.42 (+1.36%)
AMC   14.52 (-8.91%)
PFE   53.37 (+0.68%)
ACB   3.79 (-6.65%)
BA   189.75 (-2.33%)
QQQ   341.10 (-1.01%)
AAPL   159.22 (-0.29%)
MSFT   299.84 (+1.05%)
FB   294.64 (+0.00%)
GOOGL   2,580.10 (-0.18%)
AMZN   2,792.75 (+0.55%)
TSLA   829.10 (-11.55%)
NVDA   219.44 (-3.64%)
BABA   111.79 (-1.39%)
NIO   21.11 (-6.84%)
AMD   102.60 (-7.33%)
CGC   6.85 (-5.26%)
MU   78.72 (-3.96%)
GE   89.90 (+0.65%)
T   24.12 (-0.54%)
F   19.55 (-1.81%)
DIS   135.42 (+1.36%)
AMC   14.52 (-8.91%)
PFE   53.37 (+0.68%)
ACB   3.79 (-6.65%)
BA   189.75 (-2.33%)
QQQ   341.10 (-1.01%)
AAPL   159.22 (-0.29%)
MSFT   299.84 (+1.05%)
FB   294.64 (+0.00%)
GOOGL   2,580.10 (-0.18%)
AMZN   2,792.75 (+0.55%)
TSLA   829.10 (-11.55%)
NVDA   219.44 (-3.64%)
BABA   111.79 (-1.39%)
NIO   21.11 (-6.84%)
AMD   102.60 (-7.33%)
CGC   6.85 (-5.26%)
MU   78.72 (-3.96%)
GE   89.90 (+0.65%)
T   24.12 (-0.54%)
F   19.55 (-1.81%)
DIS   135.42 (+1.36%)
AMC   14.52 (-8.91%)
PFE   53.37 (+0.68%)
ACB   3.79 (-6.65%)
BA   189.75 (-2.33%)
QQQ   341.10 (-1.01%)
AAPL   159.22 (-0.29%)
MSFT   299.84 (+1.05%)
FB   294.64 (+0.00%)
GOOGL   2,580.10 (-0.18%)
AMZN   2,792.75 (+0.55%)
TSLA   829.10 (-11.55%)
NVDA   219.44 (-3.64%)
BABA   111.79 (-1.39%)
NIO   21.11 (-6.84%)
AMD   102.60 (-7.33%)
CGC   6.85 (-5.26%)
MU   78.72 (-3.96%)
GE   89.90 (+0.65%)
T   24.12 (-0.54%)
F   19.55 (-1.81%)
DIS   135.42 (+1.36%)
AMC   14.52 (-8.91%)
PFE   53.37 (+0.68%)
ACB   3.79 (-6.65%)
BA   189.75 (-2.33%)

$34.52 Million in Sales Expected for Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) This Quarter

Last updated on Saturday, January 15, 2022 | 2022 MarketBeat

Wall Street brokerages forecast that Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) will post $34.52 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Silvercrest Asset Management Group's earnings, with estimates ranging from $33.36 million to $35.69 million. Silvercrest Asset Management Group reported sales of $28.42 million during the same quarter last year, which indicates a positive year-over-year growth rate of 21.5%. The company is expected to issue its next earnings report on Thursday, March 3rd.

On average, analysts expect that Silvercrest Asset Management Group will report full-year sales of $132.32 million for the current financial year, with estimates ranging from $131.16 million to $133.49 million. For the next year, analysts expect that the firm will report sales of $150.10 million, with estimates ranging from $149.52 million to $150.69 million. Zacks' sales averages are an average based on a survey of research firms that follow Silvercrest Asset Management Group.

Silvercrest Asset Management Group (NASDAQ:SAMG) last announced its earnings results on Thursday, November 4th. The asset manager reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.01). The company had revenue of $33.46 million for the quarter, compared to the consensus estimate of $35.63 million. Silvercrest Asset Management Group had a return on equity of 22.60% and a net margin of 9.10%. During the same period in the previous year, the firm posted $0.35 EPS.

Separately, Zacks Investment Research downgraded shares of Silvercrest Asset Management Group from a "buy" rating to a "hold" rating in a report on Tuesday.

Shares of SAMG stock opened at $17.04 on Friday. The company has a market capitalization of $246.26 million, a price-to-earnings ratio of 14.32 and a beta of 0.68. The company has a 50-day simple moving average of $16.52 and a 200 day simple moving average of $16.05. Silvercrest Asset Management Group has a 52 week low of $13.17 and a 52 week high of $17.66.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 17th. Shareholders of record on Friday, December 10th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend was Thursday, December 9th. Silvercrest Asset Management Group's dividend payout ratio (DPR) is 57.14%.

Institutional investors have recently modified their holdings of the business. Advisor Group Holdings Inc. raised its stake in Silvercrest Asset Management Group by 45.2% in the 2nd quarter. Advisor Group Holdings Inc. now owns 2,422 shares of the asset manager's stock worth $36,000 after purchasing an additional 754 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in Silvercrest Asset Management Group by 407.8% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 6,317 shares of the asset manager's stock worth $98,000 after purchasing an additional 5,073 shares in the last quarter. Stifel Financial Corp acquired a new stake in Silvercrest Asset Management Group in the 2nd quarter worth about $162,000. Tibra Equities Europe Ltd acquired a new stake in Silvercrest Asset Management Group in the 2nd quarter worth about $320,000. Finally, Two Sigma Investments LP acquired a new stake in Silvercrest Asset Management Group in the 3rd quarter worth about $378,000. Institutional investors and hedge funds own 44.34% of the company's stock.

Silvercrest Asset Management Group Company Profile

Silvercrest Asset Management Group, Inc operates as a wealth management firm. The firm provides traditional and alternative investment advisory and family office services to wealthy families and select institutional investors. It also offers portfolio, equity, and fixed income management and outsourced investment services.

Featured Article: Understanding the two types of arbitrage

Get a free copy of the Zacks research report on Silvercrest Asset Management Group (SAMG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Silvercrest Asset Management Group (NASDAQ:SAMG)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in Silvercrest Asset Management Group right now?

Before you consider Silvercrest Asset Management Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Silvercrest Asset Management Group wasn't on the list.

While Silvercrest Asset Management Group currently has a "N/A" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

 


Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.